European authorities dismantle crypto fraud network that laundered over EUR 700m

The BBB warns of a rising ghost-tap scam exploiting tap-to-pay cards and mobile wallets. How attackers use NFC proximity tricks.
The post Ghost-Tap Scam Makes Payments ScarierΒ appeared first on Security Boulevard.
A sprawling infrastructure that has been bilking unsuspecting people through fraudulent gambling websites for 14 years is likely a dual operation run by a nation-state-sponsored group that is targeting government and private-industry organizations in the US and Europe, researchers said Wednesday.
Researchers have previously tracked smaller pieces of the enormous infrastructure. Last month, security firm Sucuri reported that the operation seeks out and compromises poorly configured websites running the WordPress CMS. Imperva in January said the attackers also scan for and exploit web apps built with the PHP programming language that have existing webshells or vulnerabilities. Once the weaknesses are exploited, the attackers install a GSocket, a backdoor that the attackers use to compromise servers and host gambling web content on them.
All of the gambling sites target Indonesian-speaking visitors. Because Indonesian law prohibits gambling, many people in that country are drawn to illicit services. Most of the 236,433 attacker-owned domains hosting the gambling sites are hosted on Cloudflare. Most of the 1,481 hijacked subdomains were hosted on Amazon Web Services, Azure, and GitHub.


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The FBI warns holiday scammers are hitting email, social media, fake sites, delivery alerts, and calls, with new data showing losses and complaints rising.
The post FBI Flags Rising Holiday Scams Spreading Across Email, Social, and Web appeared first on TechRepublic.
The FBI warns holiday scammers are hitting email, social media, fake sites, delivery alerts, and calls, with new data showing losses and complaints rising.
The post FBI Flags Rising Holiday Scams Spreading Across Email, Social, and Web appeared first on TechRepublic.
The accord covers two major legislative texts: the Payment Services Regulation (PSR) and the Third Payment Services Directive (PSD3).
The post EU Reaches Landmark Deal to Curb Online Payment Fraud appeared first on TechRepublic.
The accord covers two major legislative texts: the Payment Services Regulation (PSR) and the Third Payment Services Directive (PSD3).
The post EU Reaches Landmark Deal to Curb Online Payment Fraud appeared first on TechRepublic.

The FBI says that account takeover scams this year have resulted in 5,100-plus complaints in the U.S. and $262 million in money stolen, and Bitdefender says the combination of the growing number of ATO incidents and risky consumer behavior is creating an increasingly dangerous environment that will let such fraud expand.
The post FBI: Account Takeover Scammers Stole $262 Million this Year appeared first on Security Boulevard.

Peak e-commerce season hits retailers every year just as the Halloween decorations start to come down. Unsurprisingly, cyber criminals see this time as an opportunity to strike, and criminal activity online spikes alongside sales. Shockingly, 4.6% of attempted e-commerce transactions during the 2024 Black Friday period were suspected to be digital fraud. In the UK..
The post How to Protect from Online Fraud This Holiday Season appeared first on Security Boulevard.
Cybercriminals impersonating financial institutions have targeted individuals, businesses, and organizations of different sizes.
The post Account Takeover Fraud Caused $262 Million in Losses in 2025: FBI appeared first on SecurityWeek.

AI-enabled cybercriminals are exploiting the holiday shopping season with precision phishing, account takeovers, payment skimming and ransomware, forcing retailers to adopt real-time, adaptive defenses to keep pace.
The post AI Cybercriminals Target Black Friday and Cyber Monday appeared first on Security Boulevard.

A look at why identity security is failing in the age of deepfakes and AI-driven attacks, and how biometrics, MFA, PAD, and high-assurance verification must evolve to deliver true, phishing-resistant authentication.
The post How AI Threats Have Broken Strong AuthenticationΒ appeared first on Security Boulevard.
Dogged by accusations of voter fraud, the campaign to halt adult-use marijuana sales in Massachusetts is claiming another milestone win.
Amid fraud claims, campaign to end Mass. adult-use cannabis claims win is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Deepfake-powered fraud is exploding as attackers weaponize AI to impersonate executives and bypass trust. Learn why detection alone fails and how AI-driven verification restores security.
The post AI vs. AI: Why Deepfake Detection Alone Wonβt Protect Your Enterprise appeared first on Security Boulevard.
Five men have pleaded guilty to running laptop farms and providing other assistance to North Koreans to obtain remote IT work at US companies in violation of US law, federal prosecutors said.
The pleas come amid a rash of similar schemes orchestrated by hacking and threat groups backed by the North Korean government. The campaigns, which ramped up nearly five years ago, aim to steal millions of dollars in job revenue and cryptocurrencies to fund North Korean weapons programs. Another motive is to seed cyber attacks for espionage. In one such incident, a North Korean man who fraudulently obtained a job at US security company KnowBe4 installed malware immediately upon beginning his employment.
On Friday, the US Justice Department said that five men pleaded guilty to assisting North Koreans in obtaining jobs in a scheme orchestrated by APT38, also tracked under the name Lazarus. APT38 has targeted the US and other countries for more than a decade with a stream of attack campaigns that have grown ever bolder and more advanced. All five pleaded guilty to wire fraud, and one to aggravated identity theft, for a range of actions.


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